Integrated Advisors Network LLC Purchases New Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Integrated Advisors Network LLC bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,564 shares of the financial services provider's stock, valued at approximately $497,000.

Several other hedge funds have also recently added to or reduced their stakes in IBKR. Boston Financial Mangement LLC increased its position in shares of Interactive Brokers Group by 5.4% in the 3rd quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider's stock valued at $272,000 after purchasing an additional 100 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Interactive Brokers Group by 12.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,282 shares of the financial services provider's stock valued at $179,000 after buying an additional 140 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Interactive Brokers Group by 8.8% in the third quarter. State of Alaska Department of Revenue now owns 12,636 shares of the financial services provider's stock valued at $1,760,000 after buying an additional 1,025 shares in the last quarter. PFG Investments LLC purchased a new stake in Interactive Brokers Group during the 3rd quarter worth about $464,000. Finally, Arkadios Wealth Advisors boosted its position in shares of Interactive Brokers Group by 4.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 6,283 shares of the financial services provider's stock worth $876,000 after acquiring an additional 240 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock traded up $1.20 during midday trading on Friday, hitting $153.78. 739,698 shares of the company's stock were exchanged, compared to its average volume of 999,753. The stock has a market cap of $64.75 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 1.19 and a beta of 0.80. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $154.75. The firm's 50 day simple moving average is $138.72 and its 200 day simple moving average is $126.98.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). The company had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. During the same period in the prior year, the business earned $1.55 EPS. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 6.9 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's payout ratio is currently 15.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Piper Sandler reissued an "overweight" rating and set a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. UBS Group boosted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Jefferies Financial Group increased their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an "outperform" rating to a "market perform" rating and lifted their price target for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. Finally, Barclays decreased their price objective on shares of Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average target price of $143.00.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.